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Cave Creek, AZ 85331

Single-Family Homes

Here is your weekly Market Update!


Cave Creek, AZ 85331

Sat May 10 2025
This week the median list price for Cave Creek, AZ 85331 is $1,099,499 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 230. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Cave Creek, AZ 85331

Sat May 10 2025
This week the median list price for Cave Creek, AZ 85331 is $1,099,499 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 230. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,099,499
Median Price of New Listings $850,000
Per Square Foot $389
Average Days on Market 117
Median Days on Market 70
Price Decreased 60%
Price Increased 1%
Relisted 7%
Inventory 230
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,295,000 4,100 2.5 - 5 acres 4 5 8 4 4 112
$1,390,000 3,334 0.5 - 1 acre 4 3 20 6 4 70
$899,900 2,541 0.25 - 0.5 acre 4 3 26 4 2 63
$619,450 1,883 4,500 - 6,500 sqft 3 2 26 12 8 49